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Event Driven Supply Chain - A methodology of transformation enabled by complex event processing technology, providing a platform for enhanced supply chain collaboration. The solution provides a mechanism for automation in strategic and tactical decision making by correlating real-time events of individual players of the chain.
This paper seeks to explore applications of the Complex Event Processing technology in monitoring, managing and enhancing future Supply Chains, through real-time correlation of events, timely reaction and response to business scenarios, incidents and exceptions, and real-time routing of alerts and incidents to people within organizational hierarchies. The idea is to reduce latency in decision making through a proactive intelligent system that works like the human mind, captures the situational snapshot of the enterprise at any moment in time and maximizes business beneﬁ t through the ability to respond to a business situation in the shortest possible time.